According to Mars Finance, on May 19th, on-chain analyst Ai Yi (@ai_9684xtpa) reported that a "smart money" investor who previously bought 11,004 ETH at an average price of $3.45 in 2016 and made a profit of $30.38 million purchased another 1,344.18 ETH ($2.83 million) on-chain 10 hours ago. The average cost of this new position is currently $2,153.95, resulting in a floating loss of $165,000. All USDC held on-chain has been used for this position. The total amount of ETH accumulated in the past three days has increased to 6,627.79, worth $14.276 million.
A certain "smart money" firm has accumulated 6,627.79 ETH in the past three days, worth $14.276 million.
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